Category: Harbor Deepening

Charleston, SC - Charleston's Post 45 Harbor Deepening Project is expected to be completed sooner and cost less, the U.S. Army Corps of Engineers' Charleston District shared today during an update to stakeholders.

According to the Corps, the deepening project's feasibility study, initially expected to be completed in five to eight years, is now expected to be finalized in fewer than four years from now. This means that a 50-foot deepening project for Charleston Harbor can be realized within this decade, four years earlier than initial projections.

"The deepening of Charleston Harbor is the number one strategic priority for this port community," said Jim Newsome, president and CEO of the South Carolina Ports Authority (SCPA). "We are encouraged by today's news that Charleston's deepening project will be considered a national example for completing studies more expeditiously."

The Corps also announced a cost-savings of about $5 million for the feasibility study of the project. The study is now expected to cost about $15 million rather than $20 million as previously estimated. Both the time and cost savings are the result of a new initiative launched at the headquarters level of the Corps of Engineers to streamline the civil works planning process.

"In just over one year, this project has made tremendous leaps and bounds, which is a credit to the many leaders who have advocated on our behalf," said Newsome. "The Corps is an excellent partner and we will continue to work collaboratively to realize our deepening project, which is essential to serving the changing needs of trade, as quickly as possible."

The deepening of Charleston Harbor to 50 feet is predicted to provide significant economic benefit to the Southeast region and the entire nation, with $106 million in net benefit to the nation estimated on an annual basis.

In February, the Administration included $3.5 million toward the project's feasibility study in the President's Budget for fiscal year 2013. That allocation, along with the funds already included in the Corps' Work Plan, means that the federal share of the feasibility study is more than halfway funded.

The SCPA's funding toward the feasibility study can be accelerated as needed to keep progress moving forward. The Corps and the SCPA signed a feasibility cost-sharing agreement in June of 2011 to officially kick off work on the study.

Last month, the South Carolina Legislature committed $300 million in the state budget to fund the construction of a post-45-foot harbor project for the Port of Charleston. This allocation could cover the entire estimated cost to deepen the harbor to 50 feet, once the project receives authorization from Congress.

With 45 feet of water at mean low tide, Charleston Harbor is currently the deepest port in the region, serving ships drawing up to 48 feet of water on the tides. Deepening Charleston Harbor would open the port to the biggest vessels 24 hours a day, under any tidal condition. The Corps stated in its Reconnaissance Study in 2010 that Charleston is likely "the cheapest South Atlantic harbor to deepen to 50 feet."

For more information:
Allison Skipper, APR
Manager, Public Relations
843-577-8121
www.scspa.com

"I'm very pleased the Army Corps has revised the deepening timeline and made adjustments which allow Charleston Harbor deepening to be completed sooner and at lower costs. Today's announcement is a step in the right direction, but there is more that needs to be done. We still need a national vision that ensures Charleston, and other ports, are ready to meet the biggest change in international shipping in the last hundred years. So while I appreciate today's announcement, I also know Congress has to step up and provide the regulatory relief and funding we desperately need to push this process forward. Time is of the essence and we have to get this done."
- Sen. Lindsey Graham (R)

"Today's news is an important step forward and I commend the Port leadership and the Corps for working together to lower costs and avoid delays. The Charleston port is a clear national priority that is best-suited to accommodate future shipping needs. Our state legislature has proven that South Carolina is ready and willing to commit the resources necessary to make the Charleston port post-Panamax ready. And at the federal level, we must continue to streamline the study and construction process, reduce unnecessary regulatory hurdles, and ensure a merit-based, transparent project selection process."
- Sen. Jim DeMint (R)

"I welcome today's announcement that the Army Corps has streamlined both the timeline and the cost of the deepening of the Charleston Harbor. The Panama Canal will be sending mega-ships through its channels in roughly two years, and we need to make every effort to bring the Charleston Port online to accommodate those massive cargo ships as soon as possible to remain competitive. We have made great progress in moving this project forward in the past year, and I will continue to work with the Obama Administration, the Ports Authority and our Congressional delegation to see the port project through to completion without delay."
- Congressman Jim Clyburn (D-District 6)

"This is fantastic news for the state of South Carolina. The Port of Charleston is such a valuable asset for the entire state, and an economic engine for Upstate communities. The Port is also a great incentive for businesses to relocate here or expand operations. I was pleasantly surprised to see both the cost estimates and completion times come back better than expected. A strong and competitive port is vital for putting South Carolinians back to work."
- Congressman Jeff Duncan (R-District 3)

"The port is indispensable to South Carolina's economy and the deepening of our port makes the most strategic and economic sense."
- Congressman Trey Gowdy (R-District 4)

"This is certainly great news for Charleston - anytime we can make projects move faster and more efficiently it is a win for all parties involved," Scott said. "The Port of Charleston has proved time and again its importance to our economy, and this will allow it to be an even stronger competitor for new shipments coming through the expanded Panama Canal."
- Congressman Tim Scott (R-District 1)

"The Deepening Project of the Charleston Port expansion is extremely important to South Carolina as well as the Southeastern United States's economies. Not only will this project create jobs and promote economic growth, it will be conducted in a much more cost-efficient and time-sensitive fashion. I am pleased with the announcement by the Army Corps of Engineers and look forward to working with my colleagues to ensure this project's completion."
- Congressman Joe Wilson (R-District 2)

"I have always said that on its merits the Charleston harbor was second to none, that those merits - and hard work - would make sure our dredging project happens, and that Charleston, South Carolina will have the most vibrant deepwater port on the east coast. We are excited the Army Corps has recognized the value of a deep Charleston port and pushed up the project date - a huge win for our economy and South Carolina as a whole - and we're not going to stop working with Washington to make this process stronger, smoother, and ultimately, faster."
- Governor Nikki Haley

"Today's announcement, and the earlier announcement of plans for an inland port, represent two of the most important economic development events that I can recall. Once accomplished, they will ensure our state's ability to compete for jobs globally well into the future."
- Sen. Hugh Leatherman, Chairman, Senate Finance Committee (R-Florence)

"This is an incredibly exciting week for South Carolina. On Monday we made the announcement about a new inland port in the Upstate and today the Corps brings this wonderful news. It shows commitment to a better South Carolina. It shows the Corps believes the State's investment in the deepening project is the right thing to do. When you also account for the port's current growth, what it means is that South Carolina is locked in, that the Palmetto State will remain a powerhouse in the global marketplace. More importantly, it means more jobs and better opportunities for folks across the state."
- Sen. Larry Grooms, Chairman, Review and Oversight Commission on the South Carolina Ports Authority, Chairman, Transportation Committee (R-Berkeley)

"The Port is a major artery in the flow of the lifeblood of South Carolina; its health and vitality contribute to the economic well-being of the entire state. The improved competitiveness of the Port of Charleston through this deepening project will benefit farmers and businesses exporting their goods to markets around the globe."
- Sen. Danny Verdin, Chairman, Agriculture and Natural Resources Committee (R-Laurens)

"A quicker, more economical Charleston Harbor deepening study reflects what Charlestonians have known for centuries. Charleston is the finest natural harbor on the East Coast.This blessing of geography - when coupled with our business-friendly leadership and outstanding port operations - is a competitive advantage in the battle to become the Southeast regional hub in a post-Panamax world."
- Sen. Chip Campsen (R-Charleston)

"Deepening the harbor means that more jobs will be created in our community and throughout South Carolina. Making this happen even sooner is great news for all South Carolinians."
- Sen. Robert Ford (D-Charleston)

"This is a great day for the Port of Charleston and all businesses across our state. On the heels of the General Assembly appropriating the full project cost of $300 million to deepen the Charleston Harbor the Corps today announced a reduced cost and expedited time line for the completion of the environmental impact study. This is exciting news and on behalf of South Carolinians in the upstate, we look forward to 2020."
- Rep. Brian White, Chairman, House Ways and Means Committee (R-Anderson)

"I am pleased with the Corps' announcement today. It proves that the General Assembly did the right thing when we voted to fully fund the harbor deepening project in this year's budget. This reaffirms that funding this project upfront was necessary to get this project moving forward as expeditiously as possible so we will begin to realize the benefits more quickly. I look forward to Charleston being a true post-Panamax harbor in this decade, as it is the only natural deep water port in the region."
- Rep. Jim Merrill, Vice Chairman, Review and Oversight Commission on the South Carolina Ports Authority (R-Berkeley)

"The news that the Port of Charleston deepening will happen sooner than expected and cost less is truly a "win" for South Carolina's economy. Without a doubt, deepening the Port will benefit companies throughout our state and help South Carolina better compete for new jobs and corporate investment. I thank my fellow members of the General Assembly who voted to fully fund harbor deepening in this year's state budget, paving the way for this critical project to move forward."
- Rep. Bill Sandifer, Chairman, Labor, Commerce and Industry Committee (R-Oconee)

"I wholeheartedly support the South Carolina Ports Authority's efforts to shorten the timeline and reduce the cost of harbor deepening and I think today's announcement is a great step in that direction. I feel it is too risky to rely on our federal government to make quick and logical decisions when it comes to this issue. I would urge all parties involved to continue to work diligently for a hasty completion of our deepening project and together we can look for more ways to continue to shorten the timeline. Deepening of the Charleston Harbor is the number one economic priority for the State of South Carolina."
- Rep. Chip Limehouse (R-Charleston), Chairman, Charleston County Legislative Delegation

"Today's announcement is great news for South Carolina. The General Assembly has committed to fully fund the deepening project, and the Corps has responded in-kind with a more cost-efficient and streamlined plan. The Corps should be commended for their efforts, and we look forward to realizing all of the benefits that this vital engineering project will bring to our state."
- Rep. Kenny Bingham (R-Lexington)

"The Port of Charleston is vital to our state. Deepening our harbor will make sure that we remain competitive and continue to create jobs in our area. I applaud the Corps of Engineers for recognizing the importance of this project, and how important it is to make it happen as soon as possible."
- Rep. Wendell Gilliard (D-Charleston)

"As announced by the Corps of Engineers, it is great news for all South Carolinians to learn that the deepening of the port will not only cost less but also will be finished earlier than originally planned. This announcement proves that cooperation between federal and state agencies can benefit South Carolina. Saving time and money will give the South Carolina Ports Authority an advantage over our competitors in Georgia and strengthen our push for economic growth in South Carolina."
- Rep. Harry Ott (D-Calhoun)

"I am happy with the Corps' announcement this morning. This proves that the General Assembly's commitment to fully fund our harbor deepening in this year's budget is helping in our efforts to make this project a reality."
- Rep. Murrell Smith (R-Sumter)

"Charleston has always had a rich maritime history, and today our port is our region's biggest economic engine. I have said before, and still firmly believe, that the deepening of Charleston's harbor is critically important to our community, our region, and our state's economic success. I thank President Obama and Vice President Biden for helping the Corps of Engineers streamline their process to ensure that our port will live up to her fullest potential as soon as is possible."
- Mayor Joe Riley, City of Charleston

"The SCMA is very pleased to see the Corps of Engineers' announcement of the shorter timetable for the completion of the Charleston Port deepening project. There is no infrastructure project in South Carolina that has a higher priority for the manufacturing sector. Our ability to grow and to create more high-paying jobs depends upon the deepening of our port. Additional access to global commerce that the deepening project will bring means long-term economic opportunity and prosperity for all citizens of South Carolina."
- Lewis F. Gossett, President and CEO of the South Carolina Manufacturers Alliance

"The business community is pleased with this morning's announcement by the Corps of Engineers. Completing the harbor deepening project as expeditiously as possible and at a reduced cost is of critical importance to all companies in our state that do business through the port. This announcement is a tremendous step in a positive direction for our state and the Southeastern region."
- Otis Rawl, President and CEO, South Carolina Chamber of Commerce

"South Carolina's maritime community is pleased that this project will be considered a national example for completing critical port infrastructure projects more quickly. Charleston's deepening project is a prime example of using public resources wisely to benefit the state, the region and the nation."
- Pam Zaresk, President, Maritime Association of South Carolina

"As the deepest harbor in the South Atlantic and the only Southeastern port efficiently handling fully loaded post-Panamax vessels, the Port of Charleston offers our region and state significant competitive advantages. This tremendous example of the U.S. Army Corps of Engineers and the Port working together to deepen Charleston's harbor four years earlier than expected, demonstrates to the world that the Charleston region truly offers a globally competitive, business-friendly environment."
- David Ginn, President & CEO, Charleston Regional Development Alliance

"This is great news for our region and our state. There is no infrastructure project more critical to our state right now than the deepening of Charleston's harbor. The harbor deepening is a next generation project for our state. It will position our region and our state for the future. We commend the US Army Corps of Engineers for their efforts to expedite the study process."
- Bryan Derreberry, President and CEO, Charleston Metro Chamber of Commerce

Charleston, SC - In a strong show of support for the deepening of Charleston Harbor, the South Carolina Legislature now has committed $300 million to fund the construction of a post-45-foot harbor project for the Port of Charleston. This allocation would cover the entire estimated cost to deepen the harbor to 50 feet, once the project receives authorization from Congress.

A conference committee comprised of leaders from both legislative houses announced today the amended state budget, which increased the cash contribution in the Harbor Deepening Reserve Fund to $300 million from $180 million previously approved by both the House of Representatives and Senate.

"We are tremendously grateful for the forward-thinking leadership in our legislature for recognizing how vital this project is to the entire state," said Bill Stern, chairman of the South Carolina Ports Authority (SCPA). "The Members of the House Ways & Means and Senate Finance Committees, joined by the Members of the Review and Oversight Commission on the South Carolina Ports Authority, have guided this appropriation across the finish line. This deep commitment is proof positive that South Carolina is serious about competing in a truly global business in order to boost jobs and opportunity for its citizens."

Following the completion of the Post 45 Project's feasibility study and authorization by Congress, the Harbor Deepening Reserve Fund would be used to pay for the actual construction of the deepening project, which is estimated at $300 million.

The cost-sharing structure for a Post 45 depth is 60 percent funded by the state, or $180 million. The additional $120 million in the fund would cover the federal share of the project's construction if federal funding is not available. The funds also could be used to keep the project moving forward, thereby losing no time due to funding constraints. Expenditures from the fund would require approval by the Joint Bond Review Committee comprised of both House and Senate Members.

"This level of commitment instills a great deal of confidence in our customers and shows that the Port of Charleston is ready and able to meet their long-term growth needs," said Jim Newsome, president and CEO of the SCPA. "We have a good partner in the Corps of Engineers, and we will continue our productive collaboration to deliver a true post-Panamax harbor in the South Atlantic as quickly as possible."

"I believe the entire legislature views the Port of Charleston's deepening project as our state's number one economic priority," said Sen. Hugh Leatherman, who chairs the Senate Finance Committee. "Last budget year, we committed that our state would find the money for this project. South Carolina has now fulfilled our end of the bargain, and we look forward to the Corps of Engineers delivering a timely study so that the work can get underway as expeditiously as possible."

"We recognize that our state's future is tied very much to the vitality and growth of our port," said Rep. Brian White, chairman of the House of Representatives Ways and Means Committee. "A large number of the companies that located in the Upstate and call South Carolina home chose our state because of our world-class port. By investing in the Port of Charleston, we are charting the course for a bright future."

"The port is South Carolina's gateway to global commerce," said Sen. Larry Grooms, chairman of the Senate Transportation Committee and the Review and Oversight Commission on the SCPA. "It would be hard to overstate how much our economic well-being depends on this project. If we want our state to grow, if we want to welcome new jobs, if we want to succeed on the world stage, our port must stay competitive. This is a major win."

"The future of South Carolina really is contingent upon the growth of our port, and the Charleston Harbor Deepening Project is an essential part of that," said Rep. Jim Merrill, vice chairman of the Review and Oversight Commission on the SCPA. "By funding the construction costs of the deepening now, we are showing that we as a state are serious about our competitive position relative to other ports in this region and the Port of Charleston's role as a major player in global shipping."

Charleston's Harbor Deepening Project has built considerable momentum since the project's feasibility study began last summer. Earlier this year, $3.5 million toward the project's feasibility study was included in the President's Budget for fiscal year 2013. That allocation, along with the funds already included in the Corps' Work Plan, means that the federal share of the feasibility study is more than halfway funded.

Already the deepest harbor in the region, Charleston's deepening project would open the port to the biggest vessels 24 hours a day, under any tidal condition. The Corps stated in its Reconnaissance Study in 2010 that Charleston is likely "the cheapest South Atlantic harbor to deepen to 50 feet."

About the South Carolina Ports Authority:
The South Carolina Ports Authority, established by the state's General Assembly in 1942, owns and operates public seaport facilities in Charleston and Georgetown, handling international commerce valued at more than $58 billion annually while receiving no direct taxpayer subsidy. An economic development engine for the state, port operations facilitate 260,800 jobs across South Carolina and nearly $45 billion in economic activity each year. For more information, visit https://scspa.com.

Columbia, SC - The House committee shaping the state's budget is setting aside $180 million for harbor deepening in a key move to modernize South Carolina's harbor assets and boost the long-range economic outlook for the state.

The South Carolina House of Representatives Ways and Means Committee established the Harbor Deepening Reserve Fund and included $180 million in non-recurring funds to be used for deepening the state's harbors, including the Charleston Post 45 Harbor Deepening Project.

"We are most appreciative of the members of House Ways and Means for their strong commitment to our state's ports and the Charleston's Harbor Deepening Project," Bill Stern, chairman of the South Carolina Ports Authority, said. "By including $180 million for construction at this time, South Carolina shows that it stands firmly behind this project and is ready to usher it through to completion."

The fund would be used to cover the state's share of construction costs following the completion of the project's feasibility study. The total deepening project cost is estimated at $300 million and 60 percent, or $180 million, would be funded by the state. Any expenditures from the fund would require approval by the South Carolina General Assembly through a joint resolution.

Charleston's Harbor Deepening Project has built considerable momentum in recent weeks. Last week, $3.5 million toward the project's feasibility study was included in the President's Budget for fiscal year 2013. That allocation, along with the funds already included in the Corps Work Plan, means that the federal share of the feasibility study is more than halfway funded.

Already the deepest harbor in the region, Charleston's deepening project would open the port to the biggest vessels 24 hours a day, under any tidal condition. The Corps stated in its Reconnaissance Study in 2010 that Charleston is likely "the cheapest South Atlantic harbor to deepen to 50 feet."

"Each additional foot of depth in our harbor offers tremendous opportunities for businesses - in South Carolina and throughout the region - to compete in a rapidly expanding global marketplace," Stern said. "We believe this project offers the best value for a true post-Panamax harbor in the entire Southeast region, and we commend the Ways and Means Committee for recognizing the critical need for a deepened shipping channel in Charleston."

The full House of Representatives will take up the budget in early March.

South Carolina is serious about deepening the Port of Charleston and making our state more competitive. Instead of using this year's revenue surplus to grow government, we want to devote a significant portion of that surplus to funding our state's share of the deepening project. In this year's state budget, currently being debated in full committee this week, we are putting $180 million in a Harbor Deepening Reserve Fund, sending Washington a clear message that South Carolina is ready to move forward on this - now.

Our state depends on the Port of Charleston to attract investment and talent, evidenced by the many companies in the Upstate - such as Michelin - that do business across the globe each day using our seaports. This committee recognizes that the steps we take today ensure a bright future for South Carolina.

The future of South Carolina really is contingent upon the future of our port, and the Charleston Harbor Deepening Project is an essential part of that. By funding the state's share of deepening now, we are showing that we as a state are serious about our competitive position relative to other ports in this region and the Port of Charleston's role as a major player in global shipping.

The $180 million from the state for the deepening project marks an important step as we move to creating a true post-Panamax harbor in Charleston to serve the region. I look forward to seeing the study for Charleston's deepening project completed as fast as possible so we can fire up the dredges.

Creating jobs is a huge priority for South Carolina. The success of our port drives our state's economic success as we compete with other states for new business and investment to come to South Carolina.

Companies in our state do a phenomenal job exporting their goods to overseas markets. By modernizing our state's harbors, we create more opportunities for South Carolinians to succeed in a globally competitive marketplace.

With the President including funds for Charleston's deepening study just last week, we are obligated as a state to be ready to fund our part of the project's construction. This ensures we can complete the deepening as quickly as possible.

I've seen first-hand how the port can impact a company's decision to come to South Carolina. Bridgestone Firestone is locating in Aiken and bringing 850 jobs to the county, and it wouldn't be possible without access to a competitive, deepwater port.

Charleston, SC - For the first time, the President's Budget includes funding for Charleston Harbor Deepening, demonstrating that leaders at the highest levels of government recognize the project as one critical to the nation's economic future.

In the budget announced today, the Administration included $3.549 million for Charleston's post-45 foot deepening project for fiscal year 2013, which begins October 1, 2012.

"We are incredibly grateful to the Administration for recognizing the importance of the Port of Charleston in the national economic strategy," said Bill Stern, chairman of the South Carolina Ports Authority (SCPA) Board. "This funding puts us well on our way to completing the feasibility phase of this project so we can move expeditiously to deepening Charleston Harbor.

"Sen. Lindsey Graham, along with Congressman Jim Clyburn, has gone above and beyond to champion this project with the Administration," Stern said. "Additionally, Mayor Riley's involvement has been invaluable as he has used every opportunity with the President to emphasize Charleston Harbor's merits."

Today's announcement comes on the heels of the release last week of the U.S. Army Corps of Engineers Work Plan for the rest of fiscal year 2012, which included $2.5 million for the continued work on the Charleston Harbor post-45 foot deepening project. The latest allocation, if approved by Congress, also means that the federal government's share of the study cost is now more than halfway funded.

"We welcome any future opportunity to show the Administration that their investment in Charleston is the nation's best buy in harbor projects, with a payoff in new jobs and economic growth across the region," Stern said.

The feasibility study is estimated at $20 million, which is cost-shared 50/50 between the federal government and the South Carolina Ports Authority. The SCPA also has committed to accelerate its half of the study funds as needed to continue to advance the project.

The Corps stated in its Reconnaissance Study in 2010 that Charleston is likely "the cheapest South Atlantic harbor to deepen to 50 feet." Charleston's harbor deepening project is estimated to deliver $106 million in net benefits annually for an approximately $140-million federal investment. The total deepening project is estimated at $300 million.

Funds for the nation's Corps of Engineers' Civil Works projects in the President's Budget represented a 5.4 percent decrease in funding from the previous year. The Budget document stated that the savings were achieved "by prioritizing investments that will yield high economic and environmental returns." The President's Budget also included $15.8 million for maintenance dredging in Charleston Harbor.

With 45 feet of depth at mean low water, Charleston currently has the deepest channels in the South Atlantic region and can handle ships drafting up to 48 feet on high tide. Deepening Charleston Harbor will open the port to expanded trade opportunities and increased big-ship traffic via the new locks of the Panama Canal 24 hours a day.

Already in 2012, the Port of Charleston has handled 24 ships with actual docking or sailing drafts 40 feet or greater, too deep for today's Panama Canal.

Additional Quotes from South Carolina Leaders:

"This is great news for Charleston and our state's economy. I want to thank President Obama for his leadership on this important project, and I will continue to work with him, the Army Corps of Engineers and my colleagues in Congress to get this project done."

"This is the type of funding that the federal government should be investing in. The Charleston Port has gone through a merit-based process to prove its importance to our nation, and has obviously proven that worth not only to those of us in South Carolina, but to the President as well. While there are many problems with the President's budget - tax hikes and spending increases to name two - this is something he got right."

"I am pleased to see the President has included $3.5 million dollars in the FY2013 budget for the Charleston harbor deepening project. "The Charleston port is important to job creation in South Carolina as well as the Southeast. "It is my hope that the President will continue to support such measures that provide for economic growth and help put our American families back to work."

"It's another great day in South Carolina, and we are so appreciative for this recognition that the future of the Port of Charleston is a priority for the region and the country."

"I am happy the President provided $3.5 million to move this critical project farther down the road. We will continue to pursue ways to come up with money to complete this dredging project and secure a bright future for South Carolina."

"The Port of Charleston has long been our state's gateway to the rest of the world. For our citizens to succeed in the global arena of the future, our port must remain competitive. Without this project, generations of South Carolinians will not achieve the quality of life they would have had otherwise."

"This word will spread to the most important folks - the shippers - that we are truly open for business now and even more so in the future."

"This is a great victory for the South Carolina Ports Authority in our ongoing effort to deepen Charleston Harbor. With 1 in every 5 South Carolina jobs tied to our ports, it's nice to see Washington take action on something that will promote real job creation. As our state's lawmakers are committed to doing everything possible on our side to make this project a reality, it is encouraging to see Washington stepping up to the plate on this vital economic development project."

"I am pleased to see that the President is investing in Charleston as a true post-Panamax harbor, as all other projects being studied in the region come up short."

"I, along with my fellow members of the South Carolina General Assembly, as evidenced in my Concurrent Resolution, am pleased President Obama included in his 2013 federal budget the funding for the U.S. Army Corps of Engineers to continue a feasibility study on deepening Charleston Harbor to at least fifty feet."

"The deepening of Charleston's Harbor is critically important to our port, our community, our region, and our state's economic success in the future. A deepened harbor translates into jobs in our community and throughout South Carolina and is a great benefit to businesses in this part of our country."

"As the Port of Charleston is a vital part of the economy of our region and state, we are very pleased that President Obama has placed money in his budget to bring our Port's deepening project closer to a reality."

"This is great news for South Carolina. The Charleston Harbor Deepening is essential to long-term economic success in our state, and presents a compelling business opportunity for the United States as we prepare for the Panama Canal expansion."

"Today's announcement is a significant milestone in the Port's ongoing effort to deepen its harbor. For manufacturing to continue to grow in South Carolina, we must have port facilities that can efficiently handle cargo which more and more will be carried by post-Panamax ships. If we can deepen Charleston's harbor, finish the Navy Base expansion, and build adequate infrastructure surrounding the port, Charleston will maintain its place as a port of choice for the manufacturing sector."

"The business community is pleased that the president, at the request of our federal delegation, included $3.5 million in his budget for Charleston's post-45 foot deepening project. Today's announcement shows that creating jobs is a bipartisan effort. The completion of harbor deepening is critical to companies all over the state that do business with the port. This announcement is another great step in the right direction for South Carolina and the entire Southeast region."

"The Port is a key attraction asset and a deciding factor for companies considering the Charleston market for an expansion or location. Companies today require efficient access to world markets and as the deepest harbor in the South Atlantic, Charleston is strategically positioned to offer those direct connections. We are thankful our leaders recognize the tremendous economic boost the deepwater Port of Charleston offers our region, our state and also our nation."

Charleston, SC - Charleston's already-underway harbor deepening project got another boost today with the release of the U.S. Army Corps of Engineers' Work Plan for the remainder of Fiscal Year 2012. In it the Corps included $2.5 million for the continued work on the Charleston Harbor post-45 foot deepening project.

"This is wonderful news for the 260,000 South Carolinians whose jobs depend on the competitiveness of our port," said Bill Stern, chairman of the South Carolina Ports Authority (SCPA) Board. "The nation needs a true 50-foot harbor in the Southeast region to serve the growing needs of trade, including bigger ships and increased demand overseas for U.S. goods.We applaud the Corps for including funds to advance Charleston's project, which is the nation's best buy in harbor deepening."

The $2.5 million included in the Work Plan will continue progress on the Feasibility Study that began last summer. The study is expected to cost around $20 million, which is funded 50/50 by the Federal Government and the local sponsor.The SCPA also has committed to accelerate its half of the study funds as needed to keep the project moving in an expeditious manner.

"Our leaders at the local, state and federal level all stand united in support of this project," said Stern. "In particular, Senator Lindsey Graham and Congressman Jim Clyburn have worked tirelessly to ensure that we continue to advance Charleston deepening for the benefit of our state, our region and the entire nation. We are deeply appreciative of their efforts."

More than 20,000 companies in two dozen states use the Port of Charleston to access global markets. These businesses ship goods worth $50 billion a year through the Charleston Customs District and pay more than $600 million in duties into the General Treasury annually.

Given national manufacturing, distribution, agricultural and export growth, along with the Panama Canal expansion in 2014, the U.S. needs a South Atlantic port able to efficiently handle larger ships calling in greater frequency over the coming years.

Charleston already has the deepest channels in the region and routinely handles the biggest ships calling the U.S. East Coast today. While Charleston can accommodate vessels drawing up to 48 feet by using the tides, further deepening will open the port to expanded trade via the world's most modern ships under any tidal condition.

The Corps stated in its Reconnaissance Study in 2010 that Charleston is likely "the cheapest South Atlantic harbor to deepen to 50 feet." Charleston's harbor deepening project is estimated to deliver $106 million in net benefits annually for an approximately $140-million federal investment. The total deepening project is estimated at $300 million.

About the South Carolina Ports Authority:
The South Carolina Ports Authority, established by the state's General Assembly in 1942, owns and operates public seaport facilities in Charleston and Georgetown, handling international commerce valued at more than $50 billion annually while receiving no direct taxpayer subsidy. An economic development engine for the state, port operations facilitate 260,800 jobs across South Carolina and nearly $45 billion in economic activity each year. For more information, visit www.scspa.com.

Charleston, SC - With Charleston's next harbor deepening project underway, business and maritime leaders today joined with elected officials to support both the reduced transportation costs and the job benefits of a true post-Panamax harbor in the U.S. southeast.

Meeting at the Charleston Maritime Center on Charleston Harbor, a diverse group of leaders rallied behind Charleston's harbor project, calling it essential to the state and national economy and job creation across the region.

"Charleston is our nation's best chance to deliver a next-generation harbor for the Southeast region," said Jim Newsome, president and CEO of the South Carolina Ports Authority (SCPA). "This deepening project will drive economic investment and jobs in our state while customers across the entire region will benefit from lower supply chain costs. And, importantly, this is the nation's best buy for a South Atlantic deepening project."

More than 20,000 companies in several dozen states use the Port of Charleston to access global markets, shipping cargo valued at $50 billion a year through the Charleston Customs District.

Charleston's project will have an estimated $106 million in annual net benefits for a $140-million federal investment. The U.S. Army Corps of Engineers described that based on preliminary studies at other nearby harbors, "Charleston Harbor would probably be the cheapest South Atlantic harbor to deepen to 50 feet."

The industry's big ship trend is changing the competitive landscape for the nation's ports. The expansion of the Panama Canal - a game-changer for the shipping industry - will open the U.S. East Coast to more big ships and expanded direct trade. In fact, nearly 80 percent of the ships on order today are post-Panamax in size.

Additionally, increasing exports from the Southeast necessitates deep harbors. Exports are typically denser and heavier than import goods.

While Charleston currently has the deepest water in the region, the largest ships call during high tide, when water depths accommodate vessels drafting up to 48 feet of water. Having unrestricted access for these big ships will attract the world's leading ocean carriers and inspire new investment from companies looking to efficiently serve trade demand and growing markets.

For its part, the SCPA is investing $1.3 billion over the next decade on landside improvements to its facilities, including a new container terminal at the former Navy Base to handle increased trade demand.

"Harbor deepening is the only missing component," Newsome stated.

The public is invited to learn more about the project and provide comment at a Public Scoping Meeting tonight at 5:30 p.m. The workshop-style meeting will be held in Mark Clark Hall on the campus of The Citadel.

Additional comments from today's media event today:

"Without [deepening Charleston Harbor] generations of South Carolinians will not achieve the quality of life they would have had otherwise."
- Sen. Larry Grooms

"The effort to deepen our harbor to post-Panamax depths is the most significant issue for our state's well-being that I can recall."
- Sen. Glenn McConnell

"The beginning of this project is an important milestone in the Port of Charleston's race to become the Southeast's regional hub in a post-Panamax world."
- Sen. Chip Campsen

"From where we are standing today you can see the Atlantic Ocean. This is a very wise, cost-effective investment in the economic health of South Carolina."
- Mayor Joe Riley, City of Charleston

"Two of the most talked about issues in our country are spending and jobs. So it would appear that this project makes perfect sense and is the wise decision for our nation."
- Ken Riley, President, ILA Local 1422

"The Port has been a key attraction asset and a deciding factor for the majority of companies considering the Charleston market for an expansion or location. In fact, Charleston is the best and perhaps only option for a true post-Panamax port in the Southeastern United States."
- David Ginn, President & CEO, Charleston Regional Development Alliance

"Companies in all 46 counties of the state do business in this port on a daily basis. This project will reduce the cost of doing business for the thousands of companies in South Carolina that ship internationally."
- Otis Rawl, President & CEO, South Carolina Chamber of Commerce

"Today, the port and the associated trade and commerce it represents, are THE driver of the economy of our region and our entire state."
- Ron Jones, Chairman, Charleston Metro Chamber of Commerce

About the South Carolina Ports Authority
The South Carolina State Ports Authority, established by the state's General Assembly in 1942, owns and operates public seaport facilities in Charleston and Georgetown, handling international commerce valued at more than $50 billion annually while receiving no direct taxpayer subsidy. An economic development engine for the state, port operations facilitate 260,800 jobs across South Carolina and nearly $45 billion in economic activity each year. For more information, visit www.scspa.com.

For more information:
Byron D. Miller
843-577-8197
www.scspa.com

Charleston, SC - The deepening of the Port of Charleston took a huge leap forward today when the U.S. Army Corps of Engineers released its Work Plan for the rest of Fiscal Year 2011. The Corps included funds to kick-off the next phase of the Charleston Harbor post-45 foot deepening project, which the agency has estimated will bring $100 million in annual national benefits.

The Corps and the South Carolina Ports Authority (SCPA) will now sign a Feasibility Cost Sharing Agreement in the coming days, allowing the project to move into the next phase.

"We could not be more excited for this port, our customers, this state and our nation," said Bill Stern, chairman of the SCPA Board. "With bigger ships and expanding exports, the United States needs a true 50-foot harbor in the Southeast. At a time of scarce resources, Charleston is the nation's best buy in harbor deepening. The Corps has made a great decision to include this project."

The U.S. Congress has already authorized Charleston deepening through the study phases, and the Corps last summer stated in its Reconnaissance Study that Charleston is likely "the cheapest South Atlantic harbor to deepen to 50 feet."

"Senator Lindsey Graham, Congressman Jim Clyburn and Congressman Tim Scott have each individually championed this project in working with the leadership, the Administration and the Corps," said Stern. "We are grateful for the support of our Congressional delegation, Governor Nikki Haley and the General Assembly, as well as mayors from across South Carolina led by Charleston Mayor Joe Riley. They have all helped highlight how important this project is to our country. We look forward to advancing Charleston Harbor Deepening for the benefit of our state and nation."

More than 20,000 companies in several dozen states use the Port of Charleston to access global markets. These businesses ship goods worth $50 billion a year through the Charleston Customs District and pay more than $600 million in duties into the General Treasury annually.

Jim Newsome, president & CEO of the SCPA, said port officials, elected leaders, workers and business leaders will certainly take a moment to celebrate before sharpening their focus on the task at hand.

"Our attention now turns to launching the study and securing funds in the FY2012 budget for the Corps to continue with their share of the work," said Newsome.

The Feasibility Study is estimated to be a three- to five-year process totaling $12-20 million and cost-shared 50/50 by the Federal Government and the local sponsor. The total project is estimated at $300 million.

"These projects are marathons -- not sprints -- requiring great persistence, involvement and support," said Newsome. "I'm confident that we have the public support and political leadership to get us across the finish line. And the winners will be U.S. industries, consumers and taxpayers."

The next Charleston deepening will open the port to all classes of the world's most modern vessels under any tidal condition. Current channel depths at low tide are 47 feet in the entrance channel and 45 feet in the inner harbor.

Charleston already has the area's deepest channels and routinely handles ships drawing up to 48 feet on the tides today. More than 300 ships too big for the Panama Canal have already called Charleston, three years before the $5-billion canal expansion is completed in 2014. Greater than 80 percent of the ship capacity on order is for ships too big for the existing canal.

About the South Carolina State Ports Authority: The South Carolina State Ports Authority, established by the state's General Assembly in 1942, owns and operates public seaport facilities in Charleston and Georgetown, handling international commerce valued at more than $50 billion annually while receiving no direct taxpayer subsidy." An economic development engine for the state, port operations facilitate 260,800 jobs across South Carolina and nearly $45 billion in economic activity each year. For more information, visit https://scspa.com.

Charleston, SC - City of Charleston Mayor Joseph P. Riley Jr. and Jim Newsome, president and CEO of the South Carolina State Ports Authority spoke with media at the Charleston International Airport today regarding work being done in Washington, D.C. to deepen Charleston Harbor. Mayor Riley met with President Barack Obama in the White House on Thursday, stressing the importance of Charleston Harbor Deepening to jobs, robust exports and the national economy.

Mayor Riley was in Washington, D.C. for the U.S. Conference of Mayors Annual Meeting and was one of 14 mayors invited to meet with the President to discuss how the Administration can help create jobs and spur the economy. He focused on the Charleston Harbor Deepening Project.

"I could think of no better way the Administration could help this city, this state and this region than by deepening Charleston harbor," said Mayor Riley. "To expand exports and create jobs, the United States must have a true 50-foot harbor in the Southeast, capable of handling the biggest and most modern ships."

Mayor Riley highlighted rapidly expanding exports and the Administration's goal of doubling exports. He noted that the Southeast is home to more exporters than any other region in the country. "These exports aren't just commodities. They represent jobs for hard working men and women who support their families."

Mayor Riley also noted that exports tend to be heavier than imports, weighing down the ships that carry them. At the same time, the ships serving world trade are getting larger.

"We greatly appreciate Mayor Riley's leadership on Charleston harbor deepening, a strategic priority for our port that has broad, statewide support from the business community," said Newsome. "Thousands of companies rely on the Port of Charleston, and more than 260,000 South Carolinians work in trade-related jobs."

This past summer the Corps determined a federal interest in Charleston Harbor Deepening and concluded, "Preliminary studies at other nearby harbors show that Charleston Harbor would probably be the cheapest South Atlantic harbor to deepen to 50 feet."

Charleston already has the region's deepest channels and handles post-Panamax ships actually drawing up to 48 feet on the tides today. The next deepening will open the port to all classes of vessels under any tidal condition.

More than 300 ships too big for the Panama Canal have already called Charleston, four years before the $5-billion canal expansion is completed. Nearly 80 percent of the ship capacity on order is for ships too big for the existing canal.

Last month, Mayor Riley joined nearly 100 other mayors from South Carolina in signing a letter to the President about the importance of Charleston deepening, asking to "fire up the dredges.""

# # #

FOR MORE INFO:
Barbara Vaughn, Director
Media Relations/Public Information
Phone: (843) 724-3746 Fax: (843) 724-3734
Email: vaughnb@charleston-sc.gov

Byron Miller
Director, Marketing, Public Relations & Planning
South Carolina State Ports Authority
e-mail: bmiller@scspa.com
office: 843-577-8197
mobile: 843-514-9397

Charleston, SC - While Congress continues to debate a resolution for the Fiscal Year 2011 appropriations process, the Charleston Harbor Deepening project received some good news late last week. The Senate Appropriations Committee joined with its House counterpart in supporting the next phase in Charleston Harbor Deepening, a project that will provide the first fully capable post-Panamax harbor in the U.S. Southeast.

As media reports noted throughout the fall, the Senate Appropriations Committee initially did not designate funding for Charleston's deepening project in its draft Fiscal Year 2011 U.S. Army Corps of Engineers (Corps) Funding Bill. However, due to months of work by Senator Lindsey Graham, the Committee designated $379,000 to allow the Corps' Charleston District to continue the study phase. Complementing Senator Graham's efforts in the Senate, Congressmen Clyburn, Brown and Spratt ensured the project was listed in the House Corps funding bill.

"Charleston Harbor Deepening has now been endorsed in both the U.S. House and the Senate," said Bill Stern, chairman of the South Carolina State Ports Authority (SCSPA). "While the final outcome of Fiscal Year 2011 appropriations will continue to be debated through March of next year, this action demonstrates that both chambers support Charleston Harbor Deepening. The project is very much on track to move forward in 2011."

The entire study could cost $5 million or more, an amount that is equally cost-shared between the Federal government and the SCSPA. The overall deepening project is estimated to cost around $300 million, a cost that would also be shared.

The SCSPA will continue to work with members of the South Carolina Congressional Delegation, the Corps and the White House to ensure that funding for the deepening project is provided and that the project continues to be a priority in Washington. Nearly 100 mayors of cities and towns across South Carolina recently wrote the President in support of this important national economic development project.

"To handle larger ships and growing exports, the U.S. desperately needs a Southeast port that can deliver 50 feet of water," said Jim Newsome, president & CEO of the SCSPA.

This summer the Corps determined a federal interest in Charleston Harbor Deepening and concluded, "Preliminary studies at other nearby harbors show that Charleston Harbor would probably be the cheapest South Atlantic harbor to deepen to 50 feet."

Charleston already has the region's deepest channels and handles post-Panamax ships drawing up to 48 feet on the tides today. The next deepening will open the port to all classes of the world's most modern vessels under any tidal condition. Current channel depths at low tide are 47 feet in the entrance channel and 45 feet in the inner harbor.

More than 300 ships too big for the Panama Canal have already called Charleston, four years before the $5-billion canal expansion is completed. Nearly 80 percent of the ship capacity on order is for ships too big for the existing canal.